More and more health care organizations are shifting to value-based care (VBC), an approach that prioritizes patient health outcomes and rewards physicians accordingly. VBC focuses on the entire person, not just a person’s specific condition. Improved care through VBC can have great impact on enhancing health outcomes of individual populations.
Let’s look at the role population health plays in delivering value-based care and how they can work together to create healthier communities at a lower cost while providing physicians with fulfillment and success.
The Connection Between Population Health and Value-Based Care
To successfully deliver value-based care, having the right data in an easily accessible form is essential.
Population health is a data-driven strategy for managing a patient population that uses informed analysis to identify patterns and address care needs. Leveraging this data can help providers thrive in a VBC practice in a number of ways.
Improving the patient experience. Data can help providers better understand their patient population, which leads to more engagement and generates positive feedback.
Achieving better patient outcomes. Taking a proactive approach to health care can reduce illness and promote wellness, improving the health of the overall population. Data can help physicians identify at-risk patients and promote preventative care, helping patients avoid lengthy and expensive hospital stays.
Delivering effective care. Using data in real time to identify problems leads to better care both for the individual patient and the patient population. Understanding things like medication management or pain and functionality for specific patients and patient populations is critical in delivering VBC.
Reducing costs. By analyzing use data by patient, physicians can help patients better manage conditions before they become acute – where treatment is much more expensive – and reduce overall costs.
Explore How to Leverage Data to Improve Population Health with agilon
Leveraging population health data not only benefits the patient but the provider as well. Value-based payment contracts reward providers who can successfully target services that reduce expensive and low-quality care.
Delivering the right care at the right time to the right individuals requires a thorough and comprehensive knowledge about the provider’s patients.
That’s where agilon health can help. Data collection and analysis become easier with the agilon platform, which collects, extracts and shares financial, clinical, and social determinants data for patient populations. Our cloud-based data and AI platform features a user-optimized platform that makes it easy to access this data and medical recommendations to support better outcomes and lower costs.
agilon health is the long-term solution for leading local physician groups that want to focus on better care and experiences for patients, higher physician satisfaction, growth of their practices, and financial security through a total cost of care model.
How does value-based care benefit population health?
The goal of value-based care is to improve care and lower costs. By leveraging patient information data, providers who adopt the value-based model can improve the patient experience, deliver effective care, achieve better outcomes, and reduce costs. This benefits both individual patients and the patient population as a whole.
How does value-based care affect vulnerable populations?
Value-based care helps vulnerable populations and those in underserved communities by providing a support network that can help address health risks and promote wellness.
Instead of only treating specific conditions, value-based care focuses on the individual with a whole-person approach to care so that a patient can experience improved health and better outcomes.
What is the concept of value-based health care?
Value-based care is a healthcare delivery model that rewards physicians based on patient outcomes. It incentivizes physicians to focus on the quality of service they provide each patient instead of the quantity. The value-based care model is proactive rather than reactive, with the goal of improving patient wellness and preventing health problems before they start.